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External audit finds no material weaknesses but urges improved monthly reconciliations and accounting capacity
Summary
An external auditor told the Huerfano County Board that the 12/31/2023 audit received a clean opinion but identified material weaknesses in cash-accounting reconciliation and book-closing timeliness; the auditor recommended outside accounting services and offered to present at a work study session.
HUE RFANO COUNTY — An external audit of Huerfano County’s 2023 financial statements received a clean opinion, but the auditors identified two areas needing improvement and recommended additional accounting capacity.
Tim, the external auditor, said the audit team found no significant deficiencies or material weaknesses in internal controls broadly, but disclosed "a couple of material weaknesses" in the county’s financial systems. The issues cited were: lack of monthly reconciliation between the Health and Human Services (DHS) cash records and the county treasurer’s…
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